Kerala based lender CSB Bank is working to gradually reduce the share of gold loans in its portfolio over the next few years.“FY26 onwards, we will see a glide path of our gold loan going down to 20% by FY30 that’s very clear,” Pralay Mondal, the bank’s Managing Director and CEO told CNBC-TV18.The share of gold loans in the lender’s total advances stood at 48%, per its January-March 2024 business update. Gold loans grew around 22% year-on-year (YoY) during the fourth quarter to ₹11,817 crore.Excluding gold loans, the loan book grew 14% to ₹12,757 crore during the same period.The lender’s deposits increased 21% to ₹29,719 crore, with Current Account Savings Account (CASA)…
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CSB Bank wants to trim gold loan share to 20% of portfolio in the next few years
